AUD/USD may fall 25 - 40 pips

Pivot

0.6740

Our preference

Short positions below 0.6740 with targets at 0.6705 & 0.6690 in extension.

Alternative scenario

Above 0.6740 look for further upside with 0.6765 & 0.6795 as targets.

Comment

Intraday technical indicators are mixed and call for caution.

Supports and resistances

0.6795

0.6765

0.6740

0.6730 Last

0.6705

0.6690

0.6670

Number of asterisks represents the strength of support and resistance levels.